{"id":886524,"date":"2026-06-23T05:49:38","date_gmt":"2026-06-23T05:49:38","guid":{"rendered":"https:\/\/www.europesays.com\/us\/886524\/"},"modified":"2026-06-23T05:49:38","modified_gmt":"2026-06-23T05:49:38","slug":"moinian-group-signs-deals-with-three-ai-firms-at-60-madison-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/886524\/","title":{"rendered":"Moinian Group Signs Deals With Three AI Firms at 60 Madison Avenue \u2013 Commercial Observer"},"content":{"rendered":"

The Moinian Group<\/a><\/b> has been dealing with an avalanche of new leasing in Midtown over the last two weeks.<\/p>\n

The office landlord said it has signed 68,000 square feet of new leases with four new tenants \u2014 three technology firms and a communications company \u2014 at 60 Madison Avenue<\/b>, with web developer Tenex Labs<\/a><\/b> taking the largest slice at 25,000 square feet.<\/p>\n

SEE ALSO: Content Creation Platform Spotter Takes 17K SF at Thor\u2019s 25 West 39th Street<\/a><\/p>\n

The Moinian Group did not disclose the asking rent for the building or the length of the Tenex lease, but office asking rents in Midtown South averaged $86.38 per square foot in May, according to an office market report from CBRE<\/a><\/b>.<\/p>\n

Tenex\u2019s new office will span the entire 12th floor and penthouse level of the building, but it is unclear where the firm is relocating from.<\/p>\n

\u201c60 Madison Avenue, with its prime Midtown South location directly on Madison Square Park<\/b>, continues to attract innovative and fast-growing companies seeking high-quality office space in one of Manhattan\u2019s most dynamic business districts,\u201d Joseph Moinian<\/b>, founder and CEO at the Moinian Group, said in a statement. \u201cThese leases, all signed within the last two weeks, demonstrate the strong demand for thoughtfully designed, move-in-ready spaces and build upon the momentum we have established at the property throughout 2026.\u201d<\/p>\n

CBRE\u2019s Gregg Rothkin<\/b>, Hayden Pascal<\/b>, Jared London<\/b>, Taylor Walker<\/b> and Keegan Schenk<\/b> represented Moinian Group in all four deals, while Noel Flagg<\/b> and E.N. Cutler<\/b> of Newmark<\/a><\/b> negotiated on behalf of Tenex.<\/p>\n

In a separate deal, Pace<\/a><\/b>, a firm that develops artificial intelligence agentic workforce for insurance companies with backing from Sequoia Capital <\/b>and Thrive Capital<\/b>, also signed a lease for 17,500 square feet across the entire seventh floor of 60 Madison Avenue, according to the landlord. The deal marks a relocation and expansion from 734 Broadway<\/b>, where Pace occupies 3,500 square feet, according to Nicholas Markel<\/b> of Cresa<\/a><\/b>, who represented the tenant<\/p>\n

\u201cWe\u2019re customizing a prebuilt, they need space to accommodate their growing team, and they were looking for a building with opportunities to expand further into,\u201d Markel told CO. \u201cThere\u2019s demand for high-quality, centrally located space and optionality within buildings to continue to accommodate expanded teams in AI.\u201d<\/p>\n

GovWell Technologies<\/a><\/b>, an AI firm that develops operating systems for governments, signed a 17,500-square-foot lease on the entire eighth floor of the Midtown building in an apparent relocation from 25 West 36th Street<\/b>.<\/p>\n

Christopher Foerch<\/b>, Zev Holzman<\/b> and Riley Scanlon<\/b> of Savills<\/a><\/b> negotiated on behalf of GovWell but did not immediately respond to a request for comment.<\/p>\n

The smallest of the four leases was for communications, production and brand strategy firm Full Picture<\/a><\/b>, which signed a lease for 8,000 square feet on part of the 11th floor in a possible relocation from its current New York City headquarters at 79 Madison Avenue<\/b>.<\/p>\n

Michael Herz<\/b> and Waite Buckley<\/b> of Cresa<\/b> represented Full Picture and did not immediately respond to a request for comment.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The Moinian Group has been dealing with an avalanche of new leasing in Midtown over the last two…\n","protected":false},"author":3,"featured_media":886525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[359665,5229,306092,359666,328340,359667,359668,359669,359670,7745,359671,405,403,5226,5225,359672,359673,5228,5227,49428,306094,359674,67,586,132,5230,68,2969,359675,306097],"class_list":["post-886524","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-60-madison-avenue","tag-america","tag-christopher-foerch","tag-e-n-cutler","tag-gregg-rothkin","tag-hayden-pascal","tag-jared-london","tag-joseph-moinian","tag-keegan-schenk","tag-leases","tag-michael-herz","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-nicholas-markel","tag-noel-flagg","tag-ny","tag-nyc","tag-office-leases","tag-riley-scanlon","tag-taylor-walker","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-waite-buckley","tag-zev-holzman-channel"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116797857189514251","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/886524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=886524"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/886524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/886525"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=886524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=886524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=886524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}